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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (5975)	2/3/2002 1:14:31 PM
From: Sig	Respond to of 13815

MGAM : You know thats one good stock I've owned it twice and lost it twice because of pure chance .Because I was overinvested or because it tanks momentarily on good news. Its gone so high that owners use good news to sell before buyers come in to drive it back up in a very short time.. We could expect the customary post-split dip so one could either buy it now and hope more of a run-up. or try to buy it on the potential later dip. My investment attitude changed last week and I will take things to the next level. and have to work out what that will consist of - a major part is to hold my best stocks , reduce trading , keep margin where I never get a call, and spend more money . I've got the stocks I can live with thru thick and thin and do not need to find more, except for the excitement of trading. Might have to sell a couple tho. Its very difficult to find anyone with ideas compatible with my own market position or personal goals,. although most here including myself try to make fast money (I bgt some Stor calls). <G> When I had lots of Dell money, I talked to many people, and thought of my friends positions, trying to decide what it was best to do. For example, an uncle owned 29 apartments in San Diago (for over 40 years) and thats his game. A niece was retired with income from stock options (which later did not do well). A broker recommended I let him run my account - thought I should buy Jdsu at $120. Another was retired with income from stock and options. I had my own mini-ranch and was busy building - could have bgt surrounding land but had no vision for what to do with it other than as a long term investment which would be much slower growing than stocks appeared to be and did not want to face more labor.. But the deciding factor ( in not selling Dell at a high) was taxes. Could not face the big bill, did not have the experience, was scary, - I tried to postpone that till the next year. Now I have nooooooooooooo problem with taking profits and paying taxes. Glaaaaaaaaaaaaaad to do it. Anytime. Wish I could pay more. About finding the next Dell, or IBM...... 1. Very few will recognize the next Dell until late in the game or after the fact. Example: A year ago Ally was the next Dell, now up 1600% and grew faster than Dells best. : 2. Taking profits will ruin the game unless one is very selective and if done in all stocks will definitely be costly. Example: Read some of the Dell posts in 1996- count those who sold years too early - for profits. That would be mistake, from our viewpoint, but perhaps they bgt even better stocks with the proceeds They would have to mighty lucky to find one. Regards Sig (still learning-I hope)